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Used Lexus 2004 GX


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My neighbor is selling his 2004 Gx for 3K. It has 265k miles on it. He has not replaced the timing belt, water pump. Only done simple oil changes.

Do you think its worth buying it for 3K?

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When considering the purchase of a used vehicle, there are several factors to take into account. Here are some points based on the information you provided and my search results:

  1. Price: The average price for a used 2004 Lexus GX ranges from $2,979 to $6,302, and the Kelley Blue Book fair purchase price is around $8,295. So, the asking price of $3,000 seems reasonable from a pricing standpoint.

  2. Mileage: The car has 265,000 miles on it, which is quite high. High mileage can lead to more wear and tear on the vehicle, potentially leading to more maintenance and repair costs down the line.

  3. Maintenance: The car has not had the timing belt or water pump replaced, only simple oil changes. These are important maintenance items that can be costly to replace. The Lexus GX 460, a similar model, is estimated to cost about $7,652 for maintenance and repairs during its first 10 years. You might want to factor these potential costs into your decision.

  4. Reliability: The 2004 Lexus GX has a high reliability rating, with an average consumer rating of 4.8 overall and a 4.9 for reliability. This suggests that despite its age and mileage, the car could still be a reliable choice.

  5. Inspection: It’s always a good idea to have a trusted mechanic inspect the car before purchase. They can identify any potential issues that might not be immediately apparent.

In conclusion, while the price seems fair and the model is known for its reliability, the high mileage and lack of major maintenance could potentially lead to higher costs in the future. It would be wise to consider these factors and perhaps negotiate the price to account for the potential upcoming maintenance costs. Remember, it’s always a good idea to get a pre-purchase inspection from a trusted mechanic.

 

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